Cryptocurrencies trading under $1 are often referred to as “penny cryptocurrencies.” These low-priced digital assets are attractive to investors seeking significant returns with small investments, though they often come with higher risks. Their prices depend on factors like market capitalization, circulating supply, utility, and adoption.
Some popular cryptocurrencies under $1 include Cardano (ADA), Dogecoin (DOGE), TRON (TRX), Shiba Inu (SHIB), and XRP (XRP) during certain market dips. Additionally, smaller-cap coins, new projects, or tokens on the Binance Smart Chain or Ethereum network frequently fall in this category.
Investors are drawn to these coins for their perceived growth potential, as significant price increases can lead to substantial percentage gains. However, lower-priced coins often have higher volatility and are sometimes associated with unproven projects or limited use cases.
Before investing, it’s essential to conduct thorough research (called DYOR—“Do Your Own Research”). Check the project’s team, roadmap, tokenomics, and market potential. While some low-priced cryptocurrencies have experienced meteoric rises, others fail or are abandoned. Diversification and understanding risks are crucial when investing in penny cryptocurrencies.
Such assets can offer opportunities but require careful consideration and risk management to avoid losses. 
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